The global Industrial Boilers Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.9% during the review period (2022 to 2027).
Industrial boiler is a steam or high temp water kettle which can be operated with fuel like flammable gas, biomass, oil, or coal. Current boilers warm or vanish the water which is inside and transmissions it to the clients through the line frameworks.Heat plays an important part in residential, commercial, industrial, and agricultural applications. From the past few years, boilers are adopted in a huge amount in the industrial sector, to provide thermal heating for multiple purposes, such as water heating, boiler-based power generation, central heating and many others. An industrial boiler is a closed vessel, which permits the liquid (generally water) to heat at a specific temperature. These boilers systems are welded from thick steel plates, which allows the boiler to provide the pressure of 30 bar and more. Generally, the pressure inside an industrial boiler depends on the different applications.An industrial boiler can be used in many industries, such as food and beverages including breweries, building material, wood, paper, chemical, oil & gas, automotive and among others. Manufacturers of industrial boilers are concentrating on developing large boilers, on providing extra capacity to the end user.The industrial boiler market is probable to invite and increasing demand in the respective industries. The market is rising with the increasing development of power plants in different regions: an industrial boiler plays an essential role in producing energy. Moreover, the demand for industrial boilers is increasing for high energy absorption and flexible transportability.
B&W to provide all biomass boiler, emissions and carbon-capture technologies
March 31, 2022) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that as a preferred technology supplier, it will partner with Kiewit Industrial to deliver Fidelis New Energy’s planned net-negative carbon impact biomass power plant at the Port of Greater Baton Rouge, Louisiana. The 200-megawatt electric plant will be the largest of its kind in the world. The planned facility, called Project Cyclus, will provide power for Fidelis’ state-of-the-art, 73,000-barrel-per-day Grön Fuels facility, which will produce sustainable aviation fuel, renewable diesel, green hydrogen, and bio-plastic feedstock with a net-negative carbon dioxide (CO2) footprint. Fidelis will sequester the biogenic CO2 in a carbon sink developed and secured by its subsidiary Capio Sequestration pursuant to the previously announced operating agreement between Capio and the State of Louisiana.
On December 26, 2017, Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. had achieved an order of 200 boilers, to accelerate the business development of the Chinese Market.
Market is segmented based on the type, applications, companies and regions.
By type, Industrial Boilers Market has been segmented into
The end user’s industry application on Industrial Boilers Market is,
Europe dominated the market for industrial boilers, accounting for 34.1 percent of total sales. Due to a number of factors, including increasing industrialization and the growth of businesses such as FMCG, food and beverage, and power, the area is predicted to dominate the industry. Furthermore, the European government's tight limits on hazardous emissions in the environment are likely to stimulate demand for industrial boilers.In India, the market is probable to grow fast during the forecast period. Rapid industrialization in the country has resulted in growing investments in numerous sectors including automotive, agribusiness, oil and gas, and renewable energy.
North america
The Industrial Boilers market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The global Industrial Boilers market report also conducted a pestel analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report attributes | Report details |
Forecast period 2022 to 2027 cagr | Cagr of 5.9% over the forecast period (2022-2027) |
By type |
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By application |
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By companies | AMEC Foster Wheeler, Babcock & Wilcox, Dongfang Electric, General Electric, Siemens, AC Boilers, Bharat Heavy Electricals, Harbin Electric, IHI, Mitsubishi Hitachi Power Systems, Thermax, Ab&Co Group, Alfa Laval, Andritz Energy & Environment, Suzhou Hailu, Robey-Wellman Boilers & Furnaces, Taiyuan Boiler, Vapor Power International, Superior Boiler Works, Bryan Steam, Hurst Boiler & Welding Company |
Regions covered |
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Countries covered |
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Base year | 2022 |
Historical year | 2017 to 2021 |
Forecast year | 2022 to 2027 |
Number of pages | 131 |
Customization available | Yes, the report can be customized as per your needs |
What is the study period of this Market?
The Industrial Boilers market is studied from 2017 - 2027.
What is the growth rate of Industrial Boilers Market?
The Industrial Boilers market is growing at a cagr of 5.9% over the next 5 years.
Who are the key players in Industrial Boilers Market?
AMEC Foster Wheeler, Babcock & Wilcox, Dongfang Electric, General Electric, Siemens, AC Boilers, Bharat Heavy Electricals, Harbin Electric, IHI, Mitsubishi Hitachi Power Systems, Thermax, Ab&Co Group, Alfa Laval, Andritz Energy & Environment, Suzhou Hailu, Robey-Wellman Boilers & Furnaces, Taiyuan Boiler, Vapor Power International, Superior Boiler Works, Bryan Steam, Hurst Boiler & Welding Company
What regions does this Industrial Boilers Market report covers?
North america (the united states, canada, and mexico)
europe (germany, france, uk, russia, and italy)
asia-pacific (china, japan, korea, india, and southeast asia)
south america (brazil, argentina, colombia, etc.)
The middle east and africa (saudi arabia, uae, egypt, nigeria, and south africa)
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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REPORT WRITING/ PRESENTATION
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